Qatar: Call to allow listed firms to buy own shares

Published May 24th, 2006 - 08:52 GMT

Concerned by the ongoing uncertainty at the Doha Securities Market (DSM), the Qatari authorities are taking a closer look at the possibility of allowing listed companies to buy 10 per cent of their own listed shares, The Peninsula has reported.

It is believed that the move, if approved, may bring some semblance of stability to the fluctuating bourse, informed sources told the newspaper. A major listed company in the UAE has recently been allowed by bourse regulators to buy a portion of their own listed scrip to restore investor confidence.